Peel and finely grate the garlic. Finely chop the chili peppers, removing the seeds if you prefer a milder sauce.
In a medium saucepan, heat the olive oil over medium heat. Add the grated garlic and chopped chili peppers. Sauté for 1-2 minutes, until fragrant, being careful not to burn them.
Add the tomato paste to the saucepan and stir well to combine. Cook for 3-4 minutes, allowing the flavors to meld.
Pour in the vinegar, honey, and water, and stir to combine. Reduce heat to low and simmer for another 5-7 minutes, until the sauce has slightly thickened.
Season the sauce with salt and pepper, then taste and adjust the seasonings as needed.
Let the sauce cool slightly before serving with freshly cooked dishes or grilled vegetables. Store in an airtight container in the refrigerator for 3-4 days.
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